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George Osborne to 'fight for full employment'

The Chancellor George Osborne has declared the Government will target "full employment" in a speech today. He added that unemployment was "never a price worth paying."

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Lamont 'not uncomfortable' with employment pledge

Former Conservative chancellor Norman Lamont has told ITV News he is "not in any way uncomfortable" with George Osborne's comments that mass unemployment would never be a price worth paying.

Lord Lamont famously said in 1991, "Rising unemployment and the recession have been the price that we've had to pay in order to get inflation down, but that is a price worth paying".

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